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    SB 590: State Board of Administration

    GENERAL BILL by Leek

    State Board of Administration; Revising the federal regulations that apply to the statement of fiduciary standards and responsibilities for the Florida Retirement System Investment Plan; revising the timeframe after which third-party administrators or duly authorized agents of the board are required to cancel financial instruments issued for a specified purpose; authorizing the board to invest no more than a specified percentage in investments that comply with a specified fiduciary standard, etc.

    Effective Date: 7/1/2025

    Last Action: 5/3/2025 Senate - Indefinitely postponed and withdrawn from consideration

    Bill Text [pdf]

    Current Bill Version Posted: 2/10/2025 04:15 PM


    • Related Bills (1)

      Bill Number Subject Filed By Last Action and Location Relationship Learn more about bill relationships
      H 529 by Anderson
      State Board of Administration
      Last Action: 5/3/2025 H Indefinitely postponed and withdrawn from consideration
      Identical
    • Citations - Statute (3)

      The page numbers, when listed, for citations are constantly under review. The journals or printed bills of the respective chambers should be consulted as the official documents of the Legislature.

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      121.4501 Florida Retirement System Investment Plan. Page 1 [pdf]
      121.591 Payment of benefits. Page 3 [pdf]
      215.47 Investments; authorized securities; loan of securities. Page 20 [pdf]
    • Bill History

      S = Senate, H = House

      2/10/2025 S • Filed
      2/20/2025 S • Referred to Governmental Oversight and Accountability; Appropriations Committee on Agriculture, Environment, and General Government; Appropriations
      3/4/2025 S • Introduced
      5/3/2025 S • Indefinitely postponed and withdrawn from consideration
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